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9. 13.66%! most of us pay more than that in payroll taxes alone!

Fri Sep 21, 2012, 01:02 PM

Sep 2012

counting both the employee and employer share, that is, for a total of 15.3%, up to the cap.

someone making about $1 million/year is paying about 4% in payroll taxes because of the cap on social security taxes.

during this period, rmoney might not have even had that, because it's possible that ALL of his income, at least in some years, came from dividends and capital gains rather than labor income, meaning NONE of it faced payroll taxes.

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Highlight:

Romney Releasing 2011 Taxes At 3 PM, ‘Summary’ Of 1990-2009 Returns [View all] Botany Sep 2012 OP

would bain buy a business based on unaudited financials? unblock Sep 2012 #1

I guess it took them this long to falsify the info. DURHAM D Sep 2012 #2

Stop it. Botany Sep 2012 #8

Yeah! This is hard Hutzpa Sep 2012 #22

it's hard werk, just like Georgie Boy said wordpix Sep 2012 #53

A summary of his tax rates doesn't tell us anything. How much income did he declare each year? yardwork Sep 2012 #3

Wonder if the IRS would allow us to file a "summary" of our tax info next year??? n/t progressivebydesign Sep 2012 #13

Yeah, I'll just summarize. Lessee, net income = $5,000. That's the ticket! yardwork Sep 2012 #20

+1 get the red out Sep 2012 #28

In terms of tax paid - old saying. ....... dipsydoodle Sep 2012 #4

I am feeling like this is just more steam for the loser train that is Mitt Romney... luvspeas Sep 2012 #5

bingo! Botany Sep 2012 #12

+1000, this is not going to quiet us down! Show us the returns, Tax Dodge Mitt! wordpix Sep 2012 #54

Too little too late The Blue Flower Sep 2012 #6

I think hes trying to distract people from the video that got released LOL cstanleytech Sep 2012 #7

The tax issue is only his second-most damaging problem? Who knew? n/t silvershadow Sep 2012 #34

Compared to that video? To borrow from Sarah Palin "You betcha!" cstanleytech Sep 2012 #35

13.66%! most of us pay more than that in payroll taxes alone! unblock Sep 2012 #9

"Summary" - that conveniently leaves out a lot of details. polichick Sep 2012 #10

Summary = BULLSHIT!! And 2011? also BULLSHIT as he's been working on them all this time progressivebydesign Sep 2012 #11

Kind of like Palin's note from her doctor in lieu of actual medical records. tanyev Sep 2012 #49

A summary doesn't mean shit - they can leave out what they choose! GreenTea Sep 2012 #14

Oh hissy boo boo.... What's up with that nonsense? Candidate Romney is such a joke. Harriety Sep 2012 #15

The old saying...The Devil is in the Details! SoapBox Sep 2012 #16

Bogus - A Summary Is Not Acceptable..... global1 Sep 2012 #17

Guess they got all the embarrassing or criminal stuff scrubbed. liberal N proud Sep 2012 #18

Summaries, huh? dlauthor Sep 2012 #19

nice! renate Sep 2012 #43

Haha PD Turk Sep 2012 #48

Ok....then next week it will be Reid's turn.... cbdo2007 Sep 2012 #21

This is another dumbass move from the Romney campaign LynneSin Sep 2012 #23

Definitely he's hiding all his tax info. Asshat. wordpix Sep 2012 #55

Oh, I love it!!! Mitt is, by HIS OWN LOGIC, disqualified for the presidency!!!! Maeve Sep 2012 #24

as Tamron Hall pointed out a bit ago...also releasing this late on a Friday SoapBox Sep 2012 #25

This doesn't qualify as a Friday news dump story. AngryOldDem Sep 2012 #27

More incompetence from Romney. AngryOldDem Sep 2012 #26

Completely bogus, fake summary. kestrel91316 Sep 2012 #29

I can imagine what the IRS would do if people filed summaries instead of proof. appleannie1 Sep 2012 #30

So rtracey Sep 2012 #31

Summary = Something To Hide. Robb Sep 2012 #32

A "summary"? KamaAina Sep 2012 #33

Nixon and the Watergate tapes msedano Sep 2012 #36

Wasn't that also the day he said, murielm99 Sep 2012 #50

"I am not a crook" was a Florida speech msedano Sep 2012 #52

yep and we should believe barbtries Sep 2012 #37

Moocher off the system - takes more than he gives 2Design Sep 2012 #38

Looks like "You People" are going to get more! liberal N proud Sep 2012 #39

So the IRS accepts summaries now? nt valerief Sep 2012 #40

Castellanos NOT IMPRESSED/Politico 7worldtrade Sep 2012 #41

Not good enough. rocktivity Sep 2012 #42

Charity? fun n serious Sep 2012 #44

I call for an IRS audit! n/t fun n serious Sep 2012 #45

Full IRS audit is required. Panasonic Sep 2012 #46

Thank you. fun n serious Sep 2012 #51

Sorry, a summary just will not do. If this is all he is going to release he could have done it nanabugg Sep 2012 #47